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BCP gas question?

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Epiphone
Established Member

Re: BCP gas question?

I'm figuring Quicken must know the coding system and if it auto catagorizes as "grocery" or "gas" that probably tells you that the transaction qualifies for the relevant cash back rate.  Curious if anybody has experience to the contrary.

(myFICO 3/11/2014) EX: 737, EQ: 742, TU: 751
Discover Statement TU Score (3/13/14): 721
Scores Pulled by Quicken Mortgage (1/2014): 737,730,680
Discover: 8K, CU Visa: 5K, AMEX BCP: 2K
Goal: Middle score 760+ and low score 740+ by 10/2015
Message 11 of 17
fastalkintn
New Contributor

Re: BCP gas question?

My checking account list it as Kroger fuel. Not sure if that is relevant or not. I buy most of my fuel there because of the shopping reward points (.03 off per gallon up to .10 off). 

Message 12 of 17
lg8302ch
Senior Contributor

Re: BCP gas question?

Has anybody considered buying gas gift cards at grocery stores to get 6%? 

Message 13 of 17
Epiphone
Established Member

Re: BCP gas question?


@lg8302ch wrote:

Has anybody considered buying gas gift cards at grocery stores to get 6%? 


No I haven't.  I should definitely look into that.

(myFICO 3/11/2014) EX: 737, EQ: 742, TU: 751
Discover Statement TU Score (3/13/14): 721
Scores Pulled by Quicken Mortgage (1/2014): 737,730,680
Discover: 8K, CU Visa: 5K, AMEX BCP: 2K
Goal: Middle score 760+ and low score 740+ by 10/2015
Message 14 of 17
Themanwhocan
Senior Contributor

Re: BCP gas question?


@Epiphone wrote:

@lg8302ch wrote:

Has anybody considered buying gas gift cards at grocery stores to get 6%? 


No I haven't.  I should definitely look into that.


The best Grocery Store cash back you can hope to earn is 4.75% due to the BCP $75 annual fee. Therefore, getting a no fee 5% Gas Station card such as the Sallie Mae Mastercard would not only result in more cash back, but would eliminate the hassles of buying and keeping track of Gift Cards.





TU-8: 804 EX-8: 805 EQ-8: 788 EX-98: 767 EQ-04: 752    
TU-9 Bankcard: 837 EQ-9: 823 EX-9 Bankcard: 837
Total $443,800
Message 15 of 17
OnTheRebound
Established Contributor

Re: BCP gas question?


@lg8302ch wrote:

Has anybody considered buying gas gift cards at grocery stores to get 6%? 


Yes, I tried. Where we shop, I was told I could purchase gift cards with cash or debit only. No credit.

Amex BCE $11.1 / Citi Diamond Preferred WMC $12K / Citi Double Cash WMC $3.8K / Comenity Total Rewards Visa $2.5K / Citi Home Depot $5K / AU- Amex BCP $12K / Chase Freedom Visa $11014.00 / PenFed Platinum Rewards Visa Signature $6K / GE Lowes $10K
myFico Scores on 10/03/2014
Eq 798 / Exp 811 / Trans 814
CCT Fico 08 on 1/3/16 - Trans 786 / Exp 793 / Eq 797
Message 16 of 17
-NewGuy-
Moderator Emeritus

Re: BCP gas question?

Just out of curiosity, what does AME classify the transaction as? If you log on to your account and click on the transaction, it should tell you the classification.

Message 17 of 17
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